U.S. inflation rate in 1974: 11.04%

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Inflation since 1974 and its effect on dollar value

The consumer price index (CPI) in 1974 was 49.3. It was 44.4 in the previous year. This change in CPI is used by the Bureau of Labor Statistics to calculate inflation.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.77% per year. Prices in 2018 are 410.3% higher than prices in 1974.

In other words, $100 in 1974 is equivalent in purchasing power to $510.32 in 2018, a difference of $410.32 over 44 years.

The current inflation rate is now 2.80%1. If this number holds, $100 today will be equivalent to $102.80 next year. The current inflation rate page gives more detail on the latest official inflation rates.

Inflation from 1974 to 2018
Cumulative price change 410.32%
Average inflation rate 3.77%
Converted amount ($100 base) $510.32
Price difference ($100 base) $410.32
CPI in 1974 49.3
CPI in 2018 251.59


U.S. inflation from 1913 to 2018


Inflation rates for specific categories

Bread · Indoor plants and flowers · Televisions · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

How to calculate the inflation rate for $100 since 1974

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1974 * 1974 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 49.3 in the year 1974 and 251.59 in 2018:

251.59 / 49.3 * $100 = $510.32

$100 in 1974 has the same "purchasing power" or "buying power" as $510.32 in 2018.


Here are calculations of buying power over time for $100 in 1974 (price index tracking began in 1913). Each of these USD amounts below is equivalent in terms of what it could buy at the time:
Year USD Value Inflation Rate
1974 $100.00 11.04%
1975 $109.13 9.13%
1976 $115.42 5.76%
1977 $122.92 6.50%
1978 $132.25 7.59%
1979 $147.26 11.35%
1980 $167.14 13.50%
1981 $184.38 10.32%
1982 $195.74 6.16%
1983 $202.03 3.21%
1984 $210.75 4.32%
1985 $218.26 3.56%
1986 $222.31 1.86%
1987 $230.43 3.65%
1988 $239.96 4.14%
1989 $251.52 4.82%
1990 $265.11 5.40%
1991 $276.27 4.21%
1992 $284.58 3.01%
1993 $293.10 2.99%
1994 $300.61 2.56%
1995 $309.13 2.83%
1996 $318.26 2.95%
1997 $325.56 2.29%
1998 $330.63 1.56%
1999 $337.93 2.21%
2000 $349.29 3.36%
2001 $359.23 2.85%
2002 $364.91 1.58%
2003 $373.23 2.28%
2004 $383.16 2.66%
2005 $396.15 3.39%
2006 $408.92 3.23%
2007 $420.57 2.85%
2008 $436.72 3.84%
2009 $435.17 -0.36%
2010 $442.30 1.64%
2011 $456.27 3.16%
2012 $465.71 2.07%
2013 $472.53 1.46%
2014 $480.19 1.62%
2015 $480.76 0.12%
2016 $486.83 1.26%
2017 $496.52 1.99%
2018 $510.32 2.78%*
* Not final. See inflation summary for latest details.

News headlines from 1974

Politics and news often influence economic performance. Here's what was happening at the time:

  • Ayatollah Khomeini, appeals for an Islamic republic of Iran.
  • The 1,000th victim of the Northern Ireland conflict between republican and loyalist paramilitaries is taken.
  • President Richard Nixon announces his resignation.

Inflation Data Source

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “Inflation Rate in 1974 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/inflation-rate-in-1974.


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